Jobs Report: Only Education and Government are Above Trend

4 November 2022

According to the BLS, the economy added 261k jobs in October with a big revision up in September from 263k to 315k. October was a beat against median expectations of 205k. The employment rate (black line) increased from 3.5% to 3.7% while the labor force participation ticked down from 62.3% to 62.2%. The job numbers have […]

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